The Key Levels Forex indicator for Metatrader 4 displays key levels (round numbers) for any currency chart and time frame.
For instance, it shows 1.1000, 1.0980, 1.9060, etc., as colored horizontally aligned lines on the main screen.
Some traders find it a useful tool for stop loss and take profit placement.
General Information
- Displays key levels on the chart
- Good for stop loss levels
- Good for take profit levels
- Developed for Metatrader 4
Free Download
Download the Key Levels.mq4 indicator file (MT4)
Indicator Chart Example
The picture below shows the Key Levels Forex indicator attached to the Euro / U.S. Dollar M5 chart.
How to use this indicator?
The indicator only displays key levels and round numbers.
Please combine with additional technical indicators to find interesting buy & sell trade entries.
How to install the Key Levels indicator to the Metatrader 4 platform?
- Download the Key Levels.mq4 indicator file here and save it to your computer
- Open your Metatrader 4 platform
- Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
- Click on “MQL4” and open the “Indicators” folder
- Paste the indicator file in this folder
- Restart Metatrader 4 and you’re ready to start using the indicator
How to edit the indicator?
- Attach the indicator to any trading chart of your preference
- Right click in the chart and select “Indicators List” from the drop down menu
- Select the indicator from the list and click on “Edit”
- Now you can start editing the indicator (Inputs, Colors and Visualization)
- Final step, click on the “OK” button to save the new configuration